Grino Ecologic (XMAD:GRI) Inventory Turnover: 26.96 (As of Dec. 2024)

What is Grino Ecologic Inventory Turnover?

Grino Ecologic XMAD:GRI 69 Inventory Turnover is 26.96 as of Dec. 2024. GuruFocus rates XMAD:GRI with a GF Score™ of 69/100.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Grino Ecologic's Cost of Goods Sold for the six months ended in Dec. 2024 was €16.20 Mil. Grino Ecologic's Average Total Inventories for the quarter that ended in Dec. 2024 was €0.60 Mil. Grino Ecologic's Inventory Turnover for the quarter that ended in Dec. 2024 was 26.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grino Ecologic's Days Inventory for the six months ended in Dec. 2024 was 6.77.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Grino Ecologic's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.02.

Grino Ecologic (XMAD:GRI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Grino Ecologic's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.601	/	16.204	*	365 / 2
	=	6.77

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Grino Ecologic's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.601	/	34.656
	=	0.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Grino Ecologic Inventory Turnover Related Terms

Grino Ecologic Inventory Turnover Historical Data

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The historical data trend for Grino Ecologic's Inventory Turnover can be seen below:

Grino Ecologic Inventory Turnover Chart

Grino Ecologic Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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29.44

33.01

43.90

62.50

54.43

Grino Ecologic Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															29.44	26.70	27.43	33.55	26.96

69GF Score

Grino Ecologic XMAD:GRI

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Grino Ecologic Inventory Turnover Calculation

Grino Ecologic's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	32.089	/ (	(0.462	+	0.717)	/	2 )
=	32.089	/	0.5895
=	54.43

Grino Ecologic's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	16.204	/ (	(0.485	+	0.717)	/	2 )
=	16.204	/	0.601
=	26.96

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 26.96 mean?

Grino Ecologic (XMAD:GRI) has a Inventory Turnover of 26.96 as of Dec. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Grino Ecologic and its competitors.

Is Grino Ecologic's Inventory Turnover too high?

Grino Ecologic's current Inventory Turnover is 26.96. Overall, Grino Ecologic has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.

How does Grino Ecologic's Inventory Turnover compare to WM and RSG?

Grino Ecologic's Inventory Turnover of 26.96 can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Waste Management company?

A good Inventory Turnover depends on the Waste Management industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Grino Ecologic and its competitors. Grino Ecologic's current Inventory Turnover is 26.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Grino Ecologic stock overvalued right now?

Grino Ecologic (XMAD:GRI) has a current Inventory Turnover of 26.96. The current Inventory Turnover is 26.96. Grino Ecologic's overall GF Score™ is 69/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Grino Ecologic (XMAD:GRI), the current Inventory Turnover is 26.96 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Grino Ecologic Business Description

Industry Industrials Waste Management

Comparable Companies WM RSG WCN XPAR:VIE CLH GFL SHSE:603568 SZSE:002340 XMAD:FCC CWST XBRU:UMI HKSE:00257 ASX:CWY TSX:SES OSL:TOM SZSE:002310 SHSE:603588 SZSE:300779 SZSE:000035 TSE:9336

Address Placa Sant Joan 10, 6th Floor, Lleida, ESP, 25007

Website http://www.grinyo.com

Grino Ecologic is a group of industrial companies which focuses on environmental services and green energy generation. The company operates in environmental services, waste treatment, energy, and construction.

69GF Score

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